Friday, May 28, 2010

Temecula Home Value Statistics - Median Property Values are Increasing

The Property Values trend is Increasing, indicated by an average $/Sqft increase of 6.4% over the past year.  The Demand/Supply trend is In Balance, but borderline Shortage, indicated by 1.2 months of current housing inventory.  The marketing time trend is Under 3 Months, indicated by an average marketing time of 53 days over the past 3 months.  Distressed sales dominate the market and 73% of all sales over the past 3 months were short sales or bank sales.

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